Boost your pre-tax savings with Aetna Flexible Spending Account (FSA)
Life’s expensive — treat yourself to an income boost
Aetna Flexible Spending Accounts (FSAs) are a tax-free way to pay for certain expenses so you have more money where it counts — in your paycheck! There are two types of Flexible Spending Accounts:
How the account works
Each year, you decide whether you want to participate in a health care FSA. If you do, estimate the amount of tax-eligible medical/dental expenses and dependent care expenses you are likely to have during the year, and decide how much of your salary you want to set aside to help pay for these expenses. The amount you elect will be automatically deducted from your paychecks throughout the year and credited to your FSA. As you incur eligible expenses during the year and pay for them out of your own pocket, you can reimburse yourself with tax-free money from your FSA.
Using your Aetna FSA Debit Card
If you enrolled in the Aetna FSA plan, you’ll get a Visa Debit Card. You can use this card to pay for any qualified medical expenses. The funds will be taken directly from your FSA. You may also choose to pay FSA expenses out of your own pocket and submit claim forms after the purchase. The choice is always yours!
Please note that some FSA purchases may require further proof of FSA eligibility. If you make a purchase that requires this, Aetna will mail you an information request form to verify the purchase.
Eligible Medical Expenses
Money set aside in an FSA can be used to reimburse only those dependent-care expenses necessary because you (or if married, you and your spouse) work.